Solana
Solana DEX leads with 210 million transactions in 30 days
Author: Elena R.
Elena R. 
Author
Elena is an expert in technical analysis and risk management in the cryptocurrency market. She has over 10 years of writing experience – so she is an avid journalist with a passion for finding new information about crypto erena.
May 20, 2024 6:13 p.m.
DEXs on the Solana blockchain have outperformed their competitors, recording 210 million transactions over the past 30 days. This reflects Solana’s important role in the DeFi ecosystem and its ability to efficiently handle high-volume transactions. Solana leads with 210 million transactions, BNB Chain recorded 29 million and Arbitrum recorded 13 million. Ethereum, a major player in DeFi, only managed 6.7 million transactions. Solana DEXs also saw a remarkable total volume of $47.75 billion and over 11 million unique traders. Raydium has become a key player, with an average weekly trading volume of around $5 million.